$1.14 Earnings Per Share Expected for Choice Hotels International Inc (NYSE:CHH) This Quarter

Wall Street analysts expect Choice Hotels International Inc (NYSE:CHH) to post earnings per share of $1.14 for the current quarter, according to Zacks. Four analysts have issued estimates for Choice Hotels International’s earnings, with estimates ranging from $1.12 to $1.15. Choice Hotels International reported earnings per share of $1.11 during the same quarter last year, which would indicate a positive year over year growth rate of 2.7%. The business is scheduled to issue its next earnings report before the market opens on Tuesday, August 6th.

According to Zacks, analysts expect that Choice Hotels International will report full year earnings of $4.18 per share for the current year, with EPS estimates ranging from $4.12 to $4.25. For the next fiscal year, analysts expect that the company will post earnings of $4.33 per share, with EPS estimates ranging from $3.89 to $4.57. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Choice Hotels International.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $218.30 million during the quarter, compared to analyst estimates of $221.84 million. Choice Hotels International had a net margin of 21.08% and a negative return on equity of 124.30%. Choice Hotels International’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS.

A number of analysts have weighed in on CHH shares. Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Tuesday, June 18th. Bank of America lowered shares of Choice Hotels International from a “buy” rating to a “neutral” rating and set a $86.07 price objective for the company. in a research note on Wednesday, June 12th. They noted that the move was a valuation call. Finally, Barclays raised their price objective on shares of Choice Hotels International from $78.00 to $81.00 and gave the company an “underweight” rating in a research note on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $82.51.

In other news, insider John Bonds sold 5,102 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $82.01, for a total transaction of $418,415.02. Following the sale, the insider now owns 84,158 shares of the company’s stock, valued at approximately $6,901,797.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William L. Jews sold 8,750 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $84.11, for a total transaction of $735,962.50. Following the sale, the director now directly owns 25,952 shares in the company, valued at approximately $2,182,822.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,625 shares of company stock worth $3,227,134. Insiders own 24.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP boosted its holdings in Choice Hotels International by 160.9% during the fourth quarter. First Trust Advisors LP now owns 44,414 shares of the company’s stock worth $3,179,000 after purchasing an additional 27,393 shares during the last quarter. BlackRock Inc. boosted its holdings in Choice Hotels International by 0.6% during the fourth quarter. BlackRock Inc. now owns 1,581,985 shares of the company’s stock worth $113,240,000 after purchasing an additional 9,674 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new position in Choice Hotels International during the fourth quarter worth about $358,000. Martingale Asset Management L P boosted its holdings in Choice Hotels International by 5.4% during the fourth quarter. Martingale Asset Management L P now owns 13,611 shares of the company’s stock worth $976,000 after purchasing an additional 700 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Choice Hotels International by 4.0% during the fourth quarter. Northern Trust Corp now owns 262,353 shares of the company’s stock worth $18,780,000 after purchasing an additional 10,169 shares during the last quarter. 60.22% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CHH traded up $0.05 on Thursday, reaching $88.14. 1,285 shares of the stock traded hands, compared to its average volume of 298,997. The firm has a market capitalization of $4.95 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.02. Choice Hotels International has a 12 month low of $66.71 and a 12 month high of $89.46. The stock’s fifty day moving average is $85.14.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Tuesday, July 2nd will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Monday, July 1st. Choice Hotels International’s payout ratio is presently 22.11%.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

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Earnings History and Estimates for Choice Hotels International (NYSE:CHH)

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